Two Sigma Advisers LP grew its position in Buckle (NYSE:BKE) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the company’s stock after buying an additional 8,300 shares during the quarter. Two Sigma Advisers LP owned 0.23% of Buckle worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Buckle by 39.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock valued at $7,813,000 after buying an additional 131,594 shares in the last quarter. Trilogy Capital Inc. acquired a new position in Buckle during the 4th quarter worth $262,000. Ameriprise Financial Inc. grew its stake in Buckle by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock worth $4,021,000 after purchasing an additional 7,849 shares in the last quarter. Morris Capital Advisors LLC acquired a new position in Buckle during the 4th quarter worth $234,000. Finally, Rhumbline Advisers grew its stake in Buckle by 12.5% during the 3rd quarter. Rhumbline Advisers now owns 106,615 shares of the company’s stock worth $1,796,000 after purchasing an additional 11,830 shares in the last quarter. 64.93% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on BKE shares. ValuEngine raised Buckle from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Zacks Investment Research cut Buckle from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. Finally, TheStreet raised Buckle from a “c” rating to a “b-” rating in a research note on Friday, March 16th. Two analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Buckle (NYSE:BKE) last released its earnings results on Friday, March 16th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.13. Buckle had a return on equity of 20.98% and a net margin of 9.82%. The firm had revenue of $281.20 million during the quarter, compared to analysts’ expectations of $280.04 million. During the same period in the previous year, the firm posted $0.74 EPS. Buckle’s revenue for the quarter was up .4% on a year-over-year basis. analysts anticipate that Buckle will post 1.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 12th. This represents a $1.00 annualized dividend and a yield of 4.27%. Buckle’s payout ratio is 54.05%.
In other Buckle news, VP Kyle Hanson sold 2,553 shares of Buckle stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $20.75, for a total transaction of $52,974.75. Following the completion of the sale, the vice president now directly owns 36,900 shares of the company’s stock, valued at approximately $765,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Diane L. Applegate sold 1,200 shares of Buckle stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $20.84, for a total value of $25,008.00. Following the sale, the vice president now directly owns 20,500 shares of the company’s stock, valued at $427,220. The disclosure for this sale can be found here. Insiders own 41.70% of the company’s stock.
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Buckle Company Profile
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It operates stores under the Buckle and The Buckle names.
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